S. 158BC : Block assessment-Unexplained money-Shares-Undisclosed income –Amalgamation of companies-Joint venture-Matter remanded to the Assessing Officer to make fresh assessment based on records.[S.47(vi), 69C. 158BB)

S. 153C : Assessment-Income of any other person-Search-Recording of satisfaction is mandatory-No satisfaction is recorded-Order of the Tribunal quashing the order is affirmed.[S. 132, 153A, 153D]

S. 153A : Assessment-Search-No search warrant against assessee-Order of Tribunal is affirmed-Matter is remanded to the Tribunal only for determining the factual aspect of the existence of a valid search warrant.[S. 132]

S. 151 : Reassessment-Sanction for issue of notice-Specified authority-More than three years-Sanction of Principal CIT instead of principal Chief CIT-Matter remanded. [S. 148A(d) 151(ii),, Art. 226]

S. 149 : Reassessment-Time limit for notice-Conducting inquiry, providing opportunity before issue of notice-Sanction-Limitation-Specified authority-For the purpose of approval in this case is Principal CIT and the AO has rightly taken approval from the Principal CIT concerned and such approval for passing the impugned order under S 148A(d) is legal and valid-Writ petition is dismissed. [S. 148A((b), 148A(d), 149(1), 151, Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Fictitious loss-Derivative loss-Full-fledged investigations are required-Due process is followed-Writ petition is dismissed. [S. 148A(b), 148A(d), Art. 226]

S. 148A : Reassessment-Conducting inquiry, providing opportunity before issue of notice-Failure to disclose capital gains-Sale consideration of immoveable properties-Writ petition is filed after five months of passing of order-Writ petition is dismissed.[S. 148A(b) Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Capital gains –Cash credits-Sale of property-Description of property was different in order passed under section 148A(d) from description in notice under section 148A(b)-Reassessment notice and order is quashed and set aside.[S. 45, 68, 148A(b), 148A(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Principle of natural justice is violated-Seven days time exclusive of holidays to give reply was not provided-Matter is remanded back for fresh consideration.[S.148(A)(b), 148A(d), Art. 226]

S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Order passed is neither violation of principle of natural justice nor contrary to any statutory provision nor any procedural irregularity nor without jurisdiction-Writ petition is dismissed. [S. 148A(b), 148A(d), Art. 226]